The customized, high-quality, digital and comprehensive Takaful health solution is exclusively available for Bayzat SME clients July 5, 2022, Dubai, United Arab Emirates: Islamic Arab Insurance Company (“SALAMA”), the UAE’s largest Shari’ah-compliant Takaful solutions provider, and Bayzat, a UAE-based company offering an all-in-one human resource (HR), payroll and employee benefits platform, have announced their collaboration […]

The country’s largest Shari’ah-compliant Takaful solution provider offers Wellx health insurance plans that allow its customers to get a portion of their contribution back if they meet their health and wellness goals. Customers also gain access to Wellx’s ecosystem, which includes a wide range of fitness & wellness brands in the region 22 June 2022, […]

Highlights: Net profit in Q1 reached 15.10 million. Gross written contributions reached AED 305 million despite difficult market conditions. Strong performance by subsidiaries in Egypt and Algeria achieving YOY growth of 150% in profitability. AGM approved the distribution of a cash dividend of 2 fils/share for the period ending December 31, 2021. Effective cost control […]

Abu Dhabi, Dubai, UAE; 21 April 2022: Islamic Arab Insurance Company (“SALAMA”), the UAE’s largest Shari’ah compliant Takaful solutions provider, today announced a partnership agreement with the Abu Dhabi Residents Office (ADRO), highlighting its goal to provide a comprehensive range of quality health insurance services to Abu Dhabi Golden Visa Holders. ADRO, a division of […]

Dubai, March 30, 2022: Islamic Arab Insurance Company, listed as “SALAMA” on DFM, has received board approval for its audited financial statements for the year ended December 31, 2021. Highlights: Net profit for the year reached AED 48.17mn. Gross written contributions reached AED 1.09bn amid challenging macroeconomic conditions. Assets under management (AUM) grew 7.5% YOY […]

Dubai, February 14, 2022: Islamic Arab Insurance Company, listed as “SALAMA” on DFM, announced its preliminary results for the 2021 fiscal year.  Highlights: Net profit for the year reached AED 47.78mn.  Gross written contributions reached AED 1.08bn.  SALAMA has taken proactive measures to restructure its balance sheet, through varied meausures such as improving underwriting performance, […]

Dubai, UAE; 28 January 2022: Islamic Arab Insurance Company (“SALAMA”), the UAE’s largest Shari’ah compliant Takaful solutions provider, today announced that it has once again been named ‘Takaful Specialist of the Year’ at the MENA Insurance Review Awards (MENAIR), held on January 25, 2022.  The award recognizes SALAMA’s market-leading Islamic insurance solutions, as well as […]

UAE, 20 January 2022: Islamic Arab Insurance Company, listed as “SALAMA” on DFM, announced that it has been awarded “Participating Insurer” (PI) status by the Dubai Health Authority (DHA) with effect from January 01, 2022. SALAMA’s selection as a Participating Insurer is following a thorough evaluation by DHA, which assesses the insurer’s ability to provide […]

UAE, 20 December 2021: Islamic Arab Insurance Company, listed as “SALAMA” on DFM, has inked a deal to come on board as the exclusive insurance partner for the ‘In-Between’ project, which is helmed by Abu Dhabi-based real estate company – The Gate properties. Under the agreement, SALAMA will act as the exclusive insurance partner for […]

Highlights: SALAMA maintained momentum with improved operating performance, generating net underwriting income of AED 122.5 million, up 0.75% YoY Decrease in investment income by 73.54% to AED 27.1 million in 2021 compared to AED 102.5 million in the previous year, principally driven by one-off gain on the sale of investments in SALAMA KSA in the […]